OPKO / Pfizer.. the run to $19

With good data results and finally some life in the IBB, it could generate a nice movement.

I think that run was a bit much for where we were at the time but to say it couldn't happen again, or even be greater, would be ignoring the facts. I think valuation would be way out a whack it it made a run much past $20 but with how many are short the price could certainly go to irrational levels for some time.

Also, maybe its me but there were still millions and million of shorts that didn't cover in that run. 70MM shares is a lot that would have to hit the market if they were ever forced to do so.

I personally think 15-16 is a fair price for the end of this year. I would also like that cause it would be a great spot to roll all my Jan 2017s into 2019s.

Market doesn't react like I want it to most of the time though, so I will just wait and see. I am very long and I anticipate that I will hold this for years to come.